China’s CCID Crypto Project Rankings Wise Up, Moving Bitcoin to #13 as EOS #1 ETH #2 Stay at Top
BTC has moved up on the rankings of a crypto project ranking ledger issued by China’s Center for Information and Industry Development (CCID). Other cryptocurrency platforms that are still high on the list are EOS and Ethereum.
The CCID is operated by China’s Ministry Industry and Information Technology. Every year, the CCID evaluates cryptocurrency projects and issues a ranking. This year, EOS and Ethereum are still high on the list and their rankings have not changed much. As for BTC, it moved up for 19th place to 13th place. Some contend that the move has to do with bitcoin’s hard fork on November 15. The list features a total of 33 cryptocurrency projects.
Rankings are based on several factors, such as applicability, technology, and creativity. When it comes to creativity, bitcoin seems to be at the top of the list, and EOS is ranked highest in technology. As for Ethereum, it ranks first in applicability. Interestingly, the CCID constantly evaluates and optimizes its evaluation methods depending upon recommendations by working groups and consultants. The CCID then ranks and organizes the recommendations.
There are three underlying principles to the evaluation model as well, and they include “the indicators should be adapted to all evaluated objects, not just some; the proposed indicators should be related to technological innovation in public chains; and the measurements or evaluation of the indicators can be implemented.” Concerning future projects, the center stated, “CCID Blockchain Research Institute will also launch and in-depth evaluation report and application development report for public chains. We will also launch an advisory serve and report on public chain technology assessment.”